Green Square Capital LLC decreased its holdings in shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) by 29.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,577 shares of the information technology service provider’s stock after selling 5,155 shares during the quarter. Green Square Capital LLC’s holdings in Cognizant Technology Solutions were worth $912,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pathstone Family Office LLC increased its stake in shares of Cognizant Technology Solutions by 1,208.8% during the 2nd quarter. Pathstone Family Office LLC now owns 1,479 shares of the information technology service provider’s stock worth $2,485,000 after purchasing an additional 1,366 shares during the last quarter. Acrospire Investment Management LLC increased its stake in shares of Cognizant Technology Solutions by 92.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,664 shares of the information technology service provider’s stock worth $110,000 after purchasing an additional 800 shares during the last quarter. Bank of Nova Scotia Trust Co. acquired a new position in shares of Cognizant Technology Solutions during the 3rd quarter worth $121,000. WFG Advisors LP increased its stake in shares of Cognizant Technology Solutions by 46.4% during the 2nd quarter. WFG Advisors LP now owns 1,958 shares of the information technology service provider’s stock worth $130,000 after purchasing an additional 621 shares during the last quarter. Finally, Krilogy Financial LLC acquired a new position in shares of Cognizant Technology Solutions during the 2nd quarter worth $137,000. Institutional investors own 87.06% of the company’s stock.

Several brokerages have recently commented on CTSH. Vetr upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “strong-buy” rating and set a $95.56 price target on the stock in a research note on Wednesday, November 29th. KeyCorp reaffirmed a “buy” rating and set a $79.00 price objective on shares of Cognizant Technology Solutions in a report on Friday, September 8th. Bank of America reaffirmed a “buy” rating and set a $86.00 price objective on shares of Cognizant Technology Solutions in a report on Tuesday, September 12th. BidaskClub downgraded shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, BMO Capital Markets upped their price objective on shares of Cognizant Technology Solutions from $76.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. Six research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company’s stock. Cognizant Technology Solutions has an average rating of “Buy” and a consensus target price of $81.91.

In other news, insider Debashis Chatterjee sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $74.00, for a total transaction of $162,060.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Malcolm Frank sold 9,462 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $70.61, for a total transaction of $668,111.82. Following the transaction, the vice president now directly owns 15,533 shares of the company’s stock, valued at $1,096,785.13. The disclosure for this sale can be found here. Over the last three months, insiders sold 558,577 shares of company stock valued at $40,286,414. Insiders own 1.08% of the company’s stock.

Shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) opened at $71.45 on Wednesday. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.07. Cognizant Technology Solutions Corp has a 1-year low of $51.52 and a 1-year high of $76.51. The firm has a market cap of $42,348.30, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 1.62 and a beta of 1.07.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.13. Cognizant Technology Solutions had a net margin of 13.42% and a return on equity of 18.94%. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the prior year, the firm earned $0.86 EPS. The business’s revenue was up 9.1% on a year-over-year basis. equities research analysts predict that Cognizant Technology Solutions Corp will post 3.35 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Monday, November 20th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Friday, November 17th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 18.52%.

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Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation is a professional services company. The Company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. The Financial Services segment includes customers providing banking/transaction processing, capital markets and insurance services.

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Institutional Ownership by Quarter for Cognizant Technology Solutions (NASDAQ:CTSH)

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